Lisk left the down trend and is currently retesting it. First target is top of flat structure but it looks to me, it will fly further. How to trade? Wait for breakout, SL below yellow trendline.
More targets can be determined after break out of flat structure. I will update.
**trade what you see, not what you think**
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Watch priceaction, we're reaching some support lines. Wait for the breakout!
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Beautiful bounce on the trendline, followed by the breakout. First target is (5), watch priceaction near that zone, I'm anticipating a further upmove
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Weakness in alts due to the strong performance in BTC pushes LISK also deeper as expected. I have adjusted the patterns and this is how it looks right now. We're reaching an important zone, several trendlines/support is sticking together here. Breaking this zone is nasty and would give a lot of room to the downside. Lets see how it plays out and if we get a bounce
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I have a bad feeling about this....just like many other alts. Be carefull!!
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Up and down, up and down but it seems that LSK in a pump right now. We had a breakout and consolidation phase. Now forming a Trend Continuation Pattern for more upside. Minimum target is blue box.
Good luck trading that breakout!
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BOOM!
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Still in the bounce area and forming a pattern what indicates new move to the upside
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wrong chart above, target = blue box IF we get a breakout
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I doubt if we get a breakout to the upside. Pattern is changing slowly into a Trend Continuation Pattern after that last impulse down. Be prepared for more downside, use proper moneymanagement.
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Wait for some consolidation and buy for the next ride to the targetted area (based on fibonacci extensions)
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Sorry for not updating every set up here, my Twitter is more accurate. Pls also follow there. this was my last set up. 3 swings, all determined by Fibonacci Extensions, wonderfull trade!
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Next possible move..... Correction didnt go that far as expected and bounced on the trendline.
if we break previous top, new uptrend is confirmed
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We've had some stormy days in cryptoland, but I'm expecting that we continue to the upside for BTX and many alts. LISK I'm looking at these 2 identical patterns which indicate that we might break out for a decent upmove to the blue box. if you're not already in (I kept my coins and added to my position during the dips), you should wait for the breakout and check if it shows a continuation pattern (check my link below here how to trade breakouts).